TWO ADJACENT FREEHOLD HOTELS IN BOURNEMOUTH PRICE REDUCED
Price:
Freehold - £1,200,000
Location:
Dorset, Bournemouth
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £125,000 pa with a net profit of £30,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for an existing small hotel chain.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a fully licensed hotel service.
History
Phoenix Business Transfer Agents are delighted to place onto the market these two Freehold Hotels which have been established since the early 1900’s. The business has been in the hands of the current owner since 2000 and he now wishes to sell due to other business commitments.
Services
This very good business opportunity provides a fully licensed hotel service.
Staffing
The concern employs 2 full-time and 4 part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in booking.com, Trip Advisor and has a website.
Competition
As far as competition is concerned there are many other similar businesses in the area.
Market
The client base consists of high volumes of tourists and event delegates.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £132,000 with a net profit of £30,000. The present value of the stock is minimal and included in the purchase price.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in the Westcliffe Road area of Bournemouth in Dorset.
- Prominent location on main arterial road.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow
- A commercially thriving area.
- Well linked with the A35, A347, A338 and A31.
- Bournemouth Beach, Town Centre, Poole Harbor and The New Forest all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
The property is two attractive terraced buildings with five floors including the basement and is part of a terrace of Guest Houses. The two hotels combined comprise of 28 guest rooms which include single, twins, doubles, triples and family rooms. There is also a bar and separate dining room where breakfasts and evening meals are served.
External
To the rear there is a decent sized back yard which has an additional detached wooden storage building..
North Yorkshire
£ 750,000
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